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Updated about 5 years ago,
Pricing rental flips
I ask a lot of questions. I thank everyone for all the help. I’m still learning.
I have a client who wants to sell a rental property. There are tenants living in the property for the last 5 years.
House ARV: 83k
Client asking 68-75k
Renting for $700
I was wondering if rental properties usually sell for more than a regular fix and flip since there are tenants already living in them. What else should I know about rental properties. I’ve already asked for a copy of the lease. Tenants pay on time every time.
Also do I factor in cost for rehab?